PARIS-Morgan Stanley and Aareal Bank have arranged EUR 210 million in financing for Defense Plaza in Paris. Aareal Bank obtained the EUR 195-million senior tranche with a junior granter giving an additional EUR 15 million to the transaction.
Morgan Stanley and Aareal Bank have arranged the financing for a joint venture between Northwood Investors and Beacon Capital Partners. The office building, built in 2005, comprises 335,402 square feet and is situated at the heart of La Defense. For the full story, go to Europe Real Estate .
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